The Offer

Open a new Money Market Account with Capital one 360 using the promotional code Merry100 before December 15th, 2016 and deposit $10,000 by December 31st, 2016 and receive a bonus of $100

The Fine Print

To qualify for the $100 bonus, open your very first 360 Money Market account online by 12/15/2016 11:59 p.m., E.T. and deposit at least $10,000 no later than 12/31/2016 11:59 p.m., E.T. (If you currently have or have had a Savings product with Capital One Bank, Capital One 360 or ING DIRECT before or are a Capital One Associate, you won’t be eligible for the bonus.) In order to qualify for the bonus, you must make a deposit from an external account. Transfers between any Capital One accounts will not qualify. This offer cannot be combined with any other Capital One Bank or Capital One 360 new account opening offer, and is strictly non-transferable. Bonus offer is not valid for multiple accounts and is only available one per account.

If you qualify for a bonus, Capital One will deposit the bonus money into your account in approximately 6-8 weeks after completing the above conditions. Once it’s deposited, the funds will be available immediately. Account must be in good standing (not in default, closed, or suspended, or otherwise not in good standing).

Avoiding Fees

This account has no monthly fees or minimums to worry about.

Our Verdict

Doesn’t look like there is any minimum amount of time that the deposit needs to stay in the account for, but that shouldn’t matter that much given that the account offers a 1% APY as well (unless you’re doing rewards checking). If you’ve ever had a Capital One 360 or ING DIRECT savings account you’re also excluded from this offer.

I have an existing checking account with 360, tried to open a saving account for the very first time but didn’t see anywhere that allows me to add the promo code Merry100, then account just open. I doubt I would be getting the bonus so I’ll call their CS to find out if I’m eligible or not.

I have the same situation, please let me know if they’ll honor the bonus. I haven’t opened my Money Market account yet, but have a 360 Checking without ever having opened a Savings account. I’ve tried tweeting their support team (I wish they would offer an email address) but haven’t heard back yet.

Does the deposit have to be all at once, in one transaction, or can it be multiple deposits that add up to at least $10k? I’d have to transfer from two different savings accounts, want to make sure it would work.

Appears to be impossible to open if you have a Capital One credit card(s), but not Savings/Checking. Endless loop of “Looks like you already have a login with us” followed by “I want to open a Capital One 360 account”, where the link to open a money market takes you back to the beginning un-logged in. Looks like it might be possible open a savings account, that link keeps you logged in, but seems impossible to open money market as your first account.

Promo code is on the second screen at the very bottom of bank transfer/fund your account options. HOWEVER: I have never had an account with them, except one credit card. They verified my information but then I got the notice that the promo code was invalid because I hadn’t received it by email or mail. I called and they confirmed this is only available for people with targeted offers. She said this wasn’t always the case but it was “with this offer this month.” Beware.

I opened my account 12/2, $10k deposit cleared on 12/7, but still haven’t received my bonus. Seeing the few data points above where people got their $100 already is making me worried that maybe the promo code wasn’t applied to my account. Anyone else still not get their bonus yet?

If you have a quick way to fund the account, CSR on chat today said you can still open the account up to the 31st and qualify, but it also has to be funded by then. I have a transcript of the chat, but won’t waste space entering here since the 31st is close. Just thought I would let you know.

I deposited my 10k on 12/23, funds still not available, CSR said by 1/10, and since I didn’t use the code at sign up per saved CSR chat at the time I have to call in with the merry100 code for them to do it manually.

I already had an ING Direct savings account, so thought I wouldn’t qualify, but opened anyway.

5 December: Account opened
6 December: Opening credit posted
12 December: Called to inquire if I met the requirements, CSR said she would research and call back.
13 December: CSR called back (wow!) and said yes, should post in 6-8 weeks
10 Feb: Nothing posted, I called back to . New CSR looked at the account notes and manually posted two $50 credits.

Overall, great no nonsense bank. If I wasn’t churning, I would probably use them more 🙁

My situation: I am a current Cap One 360 checking customer, but their system auto-closed my savings account about two years ago when I zeroed the savings balance. I am a converted ING Direct customer, and probably got bonuses to open the checking and savings accounts a long time ago, when they used to run Black Friday promos.

This application allowed me to apply the promo code during sign-up, and gave me an account number w/ the top stating “Your 360 Money Market is open and you’ll receive your $200 bonus within 6-8 weeks.”

Looks like you might have slipped through the cracks, based on the following language. Tempted to try it myself although I have had a savings product with them also. Please let us know if/when your bonus posts. The very first wording under the “Open Now” link is:

“PLEASE NOTE: You’ll only be eligible for this bonus offer if you received an email or mail invitation directly from Capital One with an invitation code.”

Further down:

“(If you currently have or have had a Savings product with Capital One Bank, Capital One 360 or ING DIRECT before or are a Capital One Associate, you won’t be eligible for the bonus.)”

Correct. It was a side-bar ad on the right side of the screen from within Yahoo mail login. I thought about taking a screenshot at that time, but doubt that would get me anywhere if they decide not to pay the bonus. They would just fall back to the fine-print.

Unfortunately, terms say 6-8 weeks to get the bonus, so unless they extend this offer, my DP will be here well after the offer is gone. Might be an indicator for future promo’s though.

Update: I never did get the bonus from the 200strong promo code for the MMA. I think it was because at one time in the distant past I had an ING direct savings, that I didn’t close until about two years ago when it got auto-closed for zero balance. The 6-8 week timeframe for bonus payout had past in April. I was reluctant to call to get told I was a moron for not reading/following the terms. I wrote it off in my mind as the bank wins this one.

Decided today to call and see what they say about my “missing” bonus. Obviously, highly YMMV, but the rep I spoke to reviewed my account. She noted that I did follow the terms in regards to deposit amount and met the deadlines. She manually posted the bonus in four $50 increments, to the checking account, not the MMA. Online access shows “$50 – ACCOUNT OPENING BONUS HOLD EXPIRES: 08/10/2017”

I would assume there will not be a clawback, but if something like that happens, I will update.

Just goes to show persistence pays off. It could be luck of the draw on which CSR I got on the phone, but I have seen at least one other datapoint about Cap One no longer enforcing the once per lifetime rule and ING accounts. YMMV – crossed fingers.

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